ID :
40351
Tue, 01/13/2009 - 12:22
Auther :
Shortlink :
http://m.oananews.org//node/40351
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Dubai, Asian cities well placed to meet acute shortage of business professionals
Dubai, Jan 13, 2009 (WAM) - Dubai and other Asian cities are well placed to emerge as new education hubs and thus meet the acute shortage of management and business professionals in the region, said Prof. Tony Travaglione, Head of School of Management, Curtin University of Technology, Perth, Australia.
Delivering the keynote address at a three-day research seminar on "business clusters" organized by University of Wollongong in Dubai (UOWD) featuring over 30 academics from prestigious business schools, Prof. Travaglione said recent developments had shown that cities like Dubai and Singapore were capable of taking head-on the global shortage of leaders and managers.
According to Prof. Travaglione, most higher education is currently delivered out of the United States, Canada and western Europe, which together have just 11 % of world population. About 80% of the students are from Asia and Africa. In Australia, 19% students are from foreign countries, with 80% coming from Asia.
"The Middle East and Asian countries now have the opportunity to move in and fill the gap by creating world class institutions of higher learning through prudent investments and clever strategies. Dubai and Singapore have already shown the way, and others are geared to follow suit," said Prof. Travaglione.
He cited the case of China to illustrate the extent of shortage of management professionals. China has less than 5,000 global managers, against the actual need for 70,000. Similarly in leadership, management and accounting fields, there are only 70,000 qualified managers, when the need is for 300,000.
Delivering the keynote address at a three-day research seminar on "business clusters" organized by University of Wollongong in Dubai (UOWD) featuring over 30 academics from prestigious business schools, Prof. Travaglione said recent developments had shown that cities like Dubai and Singapore were capable of taking head-on the global shortage of leaders and managers.
According to Prof. Travaglione, most higher education is currently delivered out of the United States, Canada and western Europe, which together have just 11 % of world population. About 80% of the students are from Asia and Africa. In Australia, 19% students are from foreign countries, with 80% coming from Asia.
"The Middle East and Asian countries now have the opportunity to move in and fill the gap by creating world class institutions of higher learning through prudent investments and clever strategies. Dubai and Singapore have already shown the way, and others are geared to follow suit," said Prof. Travaglione.
He cited the case of China to illustrate the extent of shortage of management professionals. China has less than 5,000 global managers, against the actual need for 70,000. Similarly in leadership, management and accounting fields, there are only 70,000 qualified managers, when the need is for 300,000.
